RE: guidelines for gold stocks your right ...m&i are better defined but inferred are not totally ignored
""Inferred resources" are very speculative mineral inventories, so be careful when "inferred" is used."
so your right maybe can't use 100 % of the "current" inferred but according to dsm
"based on historical data , 50 % of inferred resouces got upgraded to measured and idicated "
so i guess at this time ...without further drilling .. you could use total resources of 1.4 mil m&i and 50% of 2.5 mil = 1.3 mil oz
total 2.7 mil oz resouce ..
again without much more drilling ( only enough to convert the inferred to m&i and does not included the other new zones ..which i beleive and dsm think theres north of 2 mil additional oz of m& i )
so new and improved valution
2.7 total resouces
57 mil shares out
25 mil cash
no dedt
at 40 per oz.
dsm should be
40 * 2.7 mil res. = 108 mil us or 145 mil cdn or 2.54 plus cash of .20 cents thus ...right now dsm should be valued ( on the low side ) at 2.75 per share cdn
at the high side the shares should be 5 dollars cdn
now add in blue sky and gold 500 plus ...8 dollars is a bargain
mack
theres no fever like gold fever